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IntroductionSupported Markets & LTVs

Supported Markets & Parameters

Networks, venues, and asset parameters supported by IRIS.

Supported Networks

IRIS Protocol is designed to be agnostic to the underlying chain, provided the chain supports the required variable-rate substrate venues.

Currently, the protocol is deployed and actively originating fixed-rate loans on:

  • Ethereum Mainnet (Planned)

Supported Venues

IRIS acts as an origination layer that dynamically routes your collateral and debt to the most capital-efficient underlying venue. Borrowers can unconditionally allow Solvers to route across all venues, or explicitly restrict their intent to specific protocols using the allowedVenueBitmap during intent creation.

Currently supported venues:

  1. Aave V3(Planned)

  2. Compound V3(Planned)

  3. Spark(Planned)

  4. Morpho Blue(Planned)

  5. Aave V4 (Coming Soon)

Loan Pairs & Parameters

The example table below outlines the asset pairs currently supported for borrowing, along with the maximum Loan-to-Value (LTV) and Liquidation Thresholds enforced by the underlying venues (specifically referencing Aave V3 baseline metrics).

Collateral AssetBorrow AssetMax LTVLiquidation Threshold
WETH (Wrapped Ether)USDC, USDT~75.0%~78.0%
wstETH (Lido Staked ETH)USDC, USDT~72.0%~75.0%
cbBTC (Coinbase BTC)USDC, USDT~70.0%~75.0%

The exact LTV and Liquidation Thresholds are dynamically determined by the underlying venue where the Solver deploys your LoanPod. IRIS Protocol does not set or enforce its own independent collateral ratios. Always monitor your Health Factor to prevent venue liquidations.